Programs

About Kayla's Children Centre:

Founded in 2017, Kayla’s Children Centre (KCC) was the result of the merger of the Zareinu Education Centre of Metropolitan Toronto (founded in 1989) and Project AIM (founded in 2007). KCC provides educational, therapeutic, and recreational programs for infants, children, and teens with special needs. KCC also assists children’s families by offering support and relief. The centre emphasizes Jewish education and tradition. Kayla’s Children Centre’s programs include school, Camp 18, and recreational activities.

Within the school, KCC runs an infant intervention program (ages 2 and under), a preschool program (aged 2-6), an elementary school (grade 1-8), an autism program (all ages), and satellite classes (grades 1-12). Through these programs, KCC offers adapted curriculum tailored to children who benefit from individualized education and access to therapeutic support.

KCC’s Camp 18 occurs in three different forms throughout the year: summer camp, overnight camp, and winter camp. Summer camp runs in four-week session in July and August. Each session is attended by 70 campers and KCC reports having a very high staff to camper ratio. Overnight camp gives children a week in Northern Muskoka away from their families. Lastly, KCC runs Camp 18 for a week at the end of December and provides a similar experience to summer camp except in the winter.

Kayla’s Children Centre is currently running a campaign to raise $25 million to finance the purchase of a 60,000 square foot building and create a $10m endowment fund. KCC hopes that by buying a new building it can create a stimulating atmosphere that increases participation in its activities.

Finances

Kayla’s Children Centre is a medium-sized charity with donations of $2.7m in F2017. Administrative costs were 16% of revenues and fundraising costs were 23% of donations. For every dollar donated to the charity, 60 cents go to the cause. This is outside Ci’s reasonable range for overhead spending. KCC holds $784k in cash and investments, of which $718k is donor-endowed. Gross funding reserves, excluding endowed funds, could cover program costs for 11 months. However, the charity also has a $710k mortgage, which exceeds non-endowed reserves.

Ci was unable to reconcile in the charity’s T3010 filing with its audited financials for F2016 and F2015. Ci adjusted program costs to reconcile this difference. The difference between the T3010 filing and the audited financials in F2016 was a material amount.

This charity report is an update that has been sent to Kayla's Children Centre. Comments and edits may be forthcoming.

Updated on July 26, 2019 by Stefan Tetzlaff.

Financial Review

Financial Ratios

Fiscal year ending July

2017

2016

2015

Administrative costs as % of revenues

16.1%

25.7%

14.4%

Fundraising costs as % of donations

23.4%

30.7%

24.6%

Program cost coverage (%)

(25%)

(34.5%)

(25.7%)

Summary Financial Statements

All figures in $s

2017

2016

2015

Donations

2,689,574

2,243,205

2,796,781

Government funding

292,889

78,772

109,535

Fees for service

382,326

360,694

444,042

Business activities (net)

113,570

160,218

201,801

Investment income

0

0

732

Other income

5,281

100

0

Total revenues

3,483,640

2,842,989

3,552,891

Program costs

2,353,114

2,095,062

2,121,711

Grants

250,000

0

0

Administrative costs

561,292

729,978

510,374

Fundraising costs

629,671

687,986

686,632

Total spending

3,794,080

3,513,030

3,318,720

Cash flow from operations

(310,437)

(670,037)

234,174

Capital spending

43,281

7,141

1,826

Funding reserves

73,649

85,166

165,048

Note: Ci used the charity’s T3010 filing to break out expenses. Ci removed gain on sale of marketable securities reducing revenue by $10k in F2017, $2k in F2016, and $6k in F2015. Ci removed gain on foreign exchange reducing revenue by $8k in F2017. Ci removed increase in fair value of marketable securities affecting revenue by ($49k) in F2017, $105k in F2016, and $91k in F2015.

Salary Information

Full-time staff: 38

Avg. Compensation: $44,649

Top 10 staff salary range:

$350k +

0

$300k - $350k

0

$250k - $300k

0

$200k - $250k

0

$160k - $200k

0

$120k - $160k

1

$80k - $120k

0

$40k - $80k

9

< $40k

0

Information from most recent CRA Charities Directorate filings for F2017

The information in this report was prepared by Charity Intelligence Canada and its independent analysts from publicly-available information. Charity Intelligence Canada and its analysts have made endeavours to ensure that the data in this report is accurate and complete but accept no liability.

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